USOIL - 5th wave short or a Wave 4 Failure for Long
Using our Elliott Wave Indicator suite for the TradingView Platform we have to potential setups for USOIL intraday.
Firstly and the mot probable is a 5th Wave Short through $53.50 with a $50 target in our automated 5th wave target zone. Alternatvely if we get a wave 4 falure up through our red zone (probability pullback zones) we will be looking for a long counter trend trade.
This is an example of using the rules within our Elliott Wave Indicator suite strategies to identify circumstances for both Trend and counter Trend Trades.
Watch the video tour of our Elliott Wave Indicator Suite for the TradingView Platform >>>>HERE<<<
Firstly and the mot probable is a 5th Wave Short through $53.50 with a $50 target in our automated 5th wave target zone. Alternatvely if we get a wave 4 falure up through our red zone (probability pullback zones) we will be looking for a long counter trend trade.
This is an example of using the rules within our Elliott Wave Indicator suite strategies to identify circumstances for both Trend and counter Trend Trades.
Watch the video tour of our Elliott Wave Indicator Suite for the TradingView Platform >>>>HERE<<<
Learn more and Subscribe here! globaltradingsoftware.com/product-category/tradingview-platform/